This is a unique opportunity to acquire a well-established Engineers Merchants based in Staffordshire. The business is available on a freehold basis only.
The business has built up an excellent reputation in their industry and is considered a household name in their industry. They have an excellent reputation for the quality of their products, competitive pricing, and expert knowledge of their staff. They sell a wide range of products relating to the engineering sector (and other trades), such as nuts and bolts, hand and power tools, sockets, fixings and screws, drill bits, blades and much more.
Excellent reputation in their industry and across the region
Established for 20 years!
Specialists in high growth sector
Loyal customer base with high retention
Large Number of (active) Trade Accounts
Long Term Relationships Secured with key suppliers
Excellent (2nd Tier Management Structure) infrastructure in place
All assets included within the sale
Substantial growth on an annual basis since incorporation
High Quality Freehold Premises Included
High Turnover - £1,094,075
Excellent GP Margin – 39.1%
Net Profit - £208,019
ADJUSTED EBITDA – circa £250,000
Turnover set to Increase for Year ending 2020
Flexibility from the vendor regarding structure of offer.
Excellent bolt on acquisition opportunity
The business is positioned for further growth and success
The business is offered for sale due to retirement of the current owner and to facilitate growth under the impetus of new ownership. This represents an excellent opportunity for a high net worth entrepreneur, private equity/venture capitalist or a direct competitor looking for a lucrative acquisition. Offers are invited for this business and further information will be released upon the receipt of a Non-Disclosure Agreement.
Support and Training:
Full Handover to be Given. 2nd Tier Management Structure in Place